14,000 shares of stock are sold by insider selling_ piedmont natural gas company, inc. (pny) director – microcap magazine

Piedmont Natural Gas Company, Inc. (NYSE:PNY) Director Frank B. Holding, Jr. sold 14,000 shares of the firm’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $59.79, for a total value of $837,060.00. Following the sale, the director now directly owns 59,252 shares of the company’s stock, valued at $3,542,677.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Several hedge funds and institutional investors have added to or reduced their stakes in the company. Russell Frank Co boosted its position in Piedmont Natural Gas Company by 66.1% in the fourth quarter. Russell Frank Co now owns 119,236 shares of the company’s stock valued at $6,798,000 after buying an additional 47,435 shares during the last quarter. Kassirer Asset Management Corp bought a new stake in Piedmont Natural Gas Company during the fourth quarter valued at $2,554,000. Strs Ohio increased its stake in Piedmont Natural Gas Company by 201.7% in the fourth quarter. Strs Ohio now owns 35,300 shares of the company’s stock valued at $2,012,000 after buying an additional 23,600 shares during the last quarter. BB&T Corp raised its position in shares of Piedmont Natural Gas Company by 64.1% in the fourth quarter. BB&T Corp now owns 31,830 shares of the company’s stock worth $1,815,000 after buying an additional 12,432 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Piedmont Natural Gas Company by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 145,997 shares of the company’s stock worth $8,325,000 after buying an additional 2,317 shares in the last quarter.

Shares of Piedmont Natural Gas Company, Inc. (NYSE:PNY) traded down 0.08% on Tuesday, reaching $59.75. The company had a trading volume of 515,618 shares. The company’s 50 day moving average price is $59.62 and its 200-day moving average price is $54.98. Piedmont Natural Gas Company, Inc. has a 1-year low of $35.09 and a 1-year high of $60.04. The stock has a market capitalization of $4.84 billion and a P/E ratio of 34.54.

Piedmont Natural Gas Company (NYSE:PNY) last issued its quarterly earnings data on Wednesday, March 9th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. During the same period in the prior year, the business earned $1.18 earnings per share. Equities analysts predict that Piedmont Natural Gas Company, Inc. will post $1.98 EPS for the current year.

A number of analysts have weighed in on PNY shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $39.00 target price (up previously from $37.00) on shares of Piedmont Natural Gas Company in a research note on Monday, January 4th. Hilliard Lyons raised shares of Piedmont Natural Gas Company from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 9th.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 15th. Shareholders of record on Friday, March 25th will be given a dividend of $0.34 per share. This is an increase from Piedmont Natural Gas Company’s previous quarterly dividend of $0.33. The ex-dividend date is Tuesday, March 22nd. This represents a $1.36 dividend on an annualized basis and a yield of 2.27%.